Precious Metals Market Development, Trends, Demand and Forecast to 2025 – KSU
According to the latest report of the IMARC group, entitled “Precious Metals Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2020-2025The global precious metals market exhibited moderate growth in 2014-2019. Looking ahead, IMARC Group expects the global market to show moderate growth over the next five years.
Precious metals are elements considered chemically inert and rare. These metals have a high economic value due to their use in industrial processes and their low availability. Precious metals are very ductile and have a higher luster than base metals, making them less reactive than base metals. These properties allow them to hold a higher place in terms of market price. The four major precious metals include silver, palladium, gold, and platinum. Precious metals are resistant to corrosion and are most commonly used in currency, jewelry, and investments.
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Precious metals are constantly used in the production of jewelry, which has seen a significant increase in global demand. This increase remains one of the main drivers of growth in the global precious metals market. In addition, the widespread use of palladium and platinum in the manufacture of electric vehicles (EVs) is another major driver of growth. These materials are effective in converting toxic vehicle emissions into less harmful substances for the environment by purifying vehicle exhaust gases. Other factors, such as growing environmental concerns and increasing investments in precious metals, are expected to drive the precious metals market forward.
Key market segmentation:
The report has segmented the global precious metals market on the basis of metal type, application, and region.
Breakage by type of metal:
- Industrial application
- Coins and ingots
Breakdown by application:
- Chemical products
Breakdown by region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive landscape with the main players:
The competitive landscape of the Precious Metals market has been studied in the report along with the detailed profiles of the major players operating in the market.
Some of these key players include:
- Anglo American Platinum Limited (Anglo American PLC) (JSE: AMS)
- Gold Fields Limited (JSE: GFI)
- Harmony Gold (JSE: HAR)
- Freeport-Mcmoran Inc. (NYSE: FCX)
- Fresnillo Plc (Peñoles Group) (LON: FRES)
- Gabriel Resources Ltd. (CVE: GBU)
- Impala Platinum Holdings Limited (JSE: IMP)
- Lundin Mining Corporation (TSE: LUN)
- Pan American Silver Corporation (NASDAQ: PAAS)
- Barrick Gold Corporation (NYSE: GOLD)
- First Majestic Silver Corp. (TSE: FR)
- First Quantum Minerals Ltd. (TSE: FM)
- Glencore International AG (LON: GLEN)
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Highlights of the report:
- Market performance (2014-2019)
- Market Outlook (2020-2025)
- Market trends
- Market factors and success factors
- The impact of COVID-19 on the global market
- Value chain analysis
- Global market structure
- Complete mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as part of the customization.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously monitoring changes in the markets, as well as the industrial behaviors of consumers around the world and our estimates on the latest market trends and forecasts are made afterwards. examining the impact of this pandemic.
If you want the latest primary and secondary data (2021-2026) with cost module, business strategy, distribution channel etc. Click on request a free sample report, the published report will be delivered to you in PDF format by e-mail within 24 to 48 hours of receipt of payment in full.
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